IN: Perquisite Element With Gift Voucher As Component Has Wrong Tax Calculation. (Doc ID 2977551.1)

Last updated on SEPTEMBER 29, 2023

Applies to:

Symptoms

Taxable Perquisite element of Type Other Perquisite - Gift Voucher. The Tax is calculated in Incorrectly.

Example: Gift Voucher of 6000 is given to employee in Subsequent month
The Gift Amount more than 5000 is only taxable (1000), Ideally the Whole amount including 5000 should be taxable (6000 should taxable).


The issue can be reproduced at will with the following steps:

1. Login to India HRMS manager

2. Navigate to People > Enter & Maintain > Assignment

3. Attach element for GIft Monthly as 6000 in Jul 2023 Period

4. Run Quickpay for Jun 2023

5. Check Statement Of Earning

Basic Salary 100000

Gift 10000

Actual - Gift Monthly 1000

Expected- Gift Monthly 6000

Changes

Cause

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